Global computer numerical control solutions market: 5% CAGR between 2012 and 2016

Press Release   •   Feb 25, 2013 11:00 GMT

The Global Computer Numerical Control Solutions market is to grow at a CAGR of 5.19 percent over the period 2012-2016. One of the key factors contributing to this market growth is the upsurge in the Machine Tool industry. The Global Computer Numerical Control Solutions market has also been witnessing steady demand from the retrofit segment. However, the need for increased investment could pose a challenge to the growth of this market.

Computer numerical control (CNC) solutions have many more applications in addition to engineering and automotive applications. Although the demand for CNC solutions mostly comes from the Automotive sector and the Aerospace sector, companies from other industrial sectors have started to investigate the benefits of investing in grinding machines. High-performance CNC solutions are now being adopted by companies in several industrial sectors such as the Woodworking, Jewelry, Healthcare, and Food industries. CNC solutions are used in the Woodworking industry to design furniture and other complex wooden artwork (that includes complex profiling and contours) with much more ease and accuracy than before and in a shorter time span. The usage of these systems has also entered the Food Processing industry. In addition, the adoption of CNC solutions has entered the Jewelry industry to develop high-precision delicately-designed jewelry.

One of the main drivers is the increased need for enhanced path and motion control. Companies across various industries are deploying CNC solutions for developing superior-quality products with increased dimensional accuracy.

The key vendors dominating this market space are Fanuc Corp., Mitsubishi Electric Corp., and Siemens AG. Other vendors mentioned in the report are Bosch Rexroth AG, Heidenhain GmbH, Sieb & Meyer AG, Soft Servo Systems, GSK CNC EQUIPMENT Co. Ltd, and Fagor Automation.

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